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Are you thinking of buying your second home? If so, read this before you do
With mortgage rates near record lows, you may be tempted to purchase a second home for your future retirement. According to the National Association of Realtors, an estimated 45 percent of vacation home buyers are in their 50s and 60s and buy for personal use. If you are thinking of purchasing your second home, don’t forget all the responsibilities with owning a home such, as your taxes, insurance, utilities, maintenance, repairs, furniture, and possible homeowner’s association. David Rae writing for Forbes.com outlines eight things to consider before buying that second home for your retirement. Read Mr. Rae’s article here…